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Exploring group decision making in a power-to-take experiment

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Author Info
Ronald Bosman ()
Heike Hennig-Schmidt ()
Frans Winden ()
Abstract

Most studies that compare individual and group behavior neglect the in-group decision making process. This paper explores the decision making process within groups in a strategic setting: a two player power-to-take experiment. Discussions preceding group decisions are video taped and analyzed. We find the following: (1) no impact of the group setting as such on individual behavior; (2) heterogeneity of individual types; (3) perceptions of fairness are hardly discussed and are prone to the self-serving bias; (4) groups ignore the decision rule of other groups and typically view them as if they were single agents. (5) We also show that to explain group outcomes two factors have to be taken into account that are often neglected: the distribution of individual types over groups and the decision rules that groups use to arrive at their decision. Copyright Springer Science + Business Media, LLC 2006

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File URL: http://hdl.handle.net/10.1007/s10683-006-4310-9
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Publisher Info
Article provided by Springer in its journal Experimental Economics.

Volume (Year): 9 (2006)
Issue (Month): 1 (April)
Pages: 35-51
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Handle: RePEc:kap:expeco:v:9:y:2006:i:1:p:35-51

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Web page: http://www.springerlink.com/link.asp?id=102888

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Related research
Keywords: Groups Decision rule Fairness Experiment Video

Cited by:
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  1. Max Albert & Vanessa Mertins, 2008. "Participation and Decision Making: A Three-person Power-to-take Experiment," MAGKS Papers on Economics 200805, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung). [Downloadable!]
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